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The deal is one of the high-profile secondaries in the market this year helping to push activity volumes that some expect to reach record highs by year-end.
The preferred equity specialist has raised $7.5bn and grown its headcount to 85 since it was founded in 2015.
Assets slated for a secondaries deal periodically get snapped up by outside buyers before the deals can close, a risk that increases the longer such deals linger in the market without closing.
World’s largest infrastructure investor has hired two executives for the New York-based team and intends eventually to raise third-party capital.
The law firm has been growing its PE funds team, which advised on 150 secondaries deals worth $17.5bn in 2019.
This is at least the second appointment Goldman's financial sponsors M&A group has made from Lazard after the appointment of MD Alex Mejia who will start in May.
Inheriting an indirect property business when that market is dominated by recapitalisation deals brings further conflict challenges that must be reconciled.
The appointment is the latest in a series of personnel movements in the secondaries advisory world.
A positive selection bias, deep due diligence and strong alignment make GP-led secondaries an attractive proposition, write managing directors Brian Mooney and Stephen Sloan in this sponsored Q&A.
The secondaries firm has gained exposure to a portfolio of around 20 high-growth businesses in the fintech and insurtech sectors.
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